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Solid third quarter for Lanxess

16/11/2018
Leather chemicals manufacturer Lanxess has reported sales of €1.79 billion in the third quarter of 2018, an increase of 4.4% compared to the same period of last year. It attributed this increase to higher selling prices.

The company’s profit before tax for this period was €277 million, up 1.5% year on year. It cited higher selling prices and synergies from its acquisition of Chemtura among the reasons for this growth, 

The Performance Chemicals segment, which includes Lanxess’s leather business unit, suffered an 8.5% drop in sales to €334 million.

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